AAA-CPAReminder: Membership dues and fees for the 2016-2017 fiscal year are due by Oct. 1. Please contact Kimmy Livingston at klivingston@attorney-cpa.com or 888-ATTY-CPA, ext. 2, if you did not receive your renewal statement. Payments may be made by logging into the AAA-CPA website, via fax at 703-352-8073 or by mail to our office: AAA-CPA, PO Box 706, Warrendale, PA 15095.

AAA-CPAWe have done the math, and it just adds up. Attend the Fall 2016 Meeting & Education Conference and you can stack up 18 hours of CPE and CLE/MCLE on a 50-minute hour track or 15 CLE/MCLE on a 60-minute hour track.

AAA-CPAEarn education credit without leaving your home or office! Registration is now open for members and nonmembers for the following one-hour webinar:

Sept. 20: SALT: State and Local Taxes — Do I Need an Attorney or CPA?
Presented by Mary Thomas, attorney-CPA
This program addresses how to identify the professional who can most effectively and economically address state and local tax audit issues. Is it better to hire an attorney or a CPA? The answer depends on the taxpayer's progress through the audit process. Most people default to the hire of an attorney. That inclination is not always the most effective or economical solution.

The Washington PostA Senate committee chairman is questioning the Internal Revenue Service on its "apparent reluctance" to implement a data security system "in the wake of recent, high-profile cyberattacks against the Internal Revenue Service."
In a letter to IRS Commissioner John Koskinen, Sen. Ron Johnson R-Wisconsin, chairman of the Committee on Homeland Security and Governmental Affairs, said, "The IRS's refusal to adopt the EINSTEIN system is very concerning due to the vast amounts of personal data stored by the agency, as well as its recent security breaches."READ MORE

AccountingWEB
Auditors tend to get a lot of eye rolls from client personnel. After all, no one likes to have their work questioned or their errors pointed out to their bosses. Yet that questioning is foundational to the audit practice.
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Accounting TodayThe Financial Accounting Standards Board proposed improvements in the accounting guidance for hedging activities.
The proposed accounting standards update is part of the financial instruments project that FASB has been working on with the International Accounting Standards Board for converging U.S. GAAP with International Financial Reporting Standards.
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Tax-News.comThe American Institute of Certified Public Accountants has urged Congress to modify the reporting deadline for estate basis statements.
AICPA is proposing a reporting deadline of Feb. 15 following the end of the calendar year in which an estate distributes assets to a beneficiary, rather than 30 days after an estate files the federal estate tax return as is currently required.READ MORE

Bloomberg It's back to school for university endowments and U.S. lawmakers.
A Sept. 13 hearing of a House Ways and Means subcommittee is set to look at how colleges, through their tax-exempt endowments, are trying to reduce tuition. READ MORE

ForbesAmericans agonize each spring over their annual federal income tax returns. In terms of how much tax they pay, however, they should worry more about the payroll taxes their employers withhold from every paycheck.
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